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10685-10695 12th Pl
Lakewood, CO 80215
10685-10695 W 12th Pl · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Immediate value-add with below market rents and upcoming vacancy
- Tenants pay directly for gas, electric, & trash, keeping owner expenses light
- Can be purchased along with the five-unit across the street at 10750 W 12th Pl
- Side-by-side ranch lives like individual units, giving tenants private backyards and attached garages
- Walking distance from Oak Street Light Rail Station and Sunset Park
- Spacious layouts with exposed brick wall in living rooms. Each unit has its own private, dedicated backyard space & attached garage
Executive Summary
10685-95 W 12th Place is a side-by-side, ranch-style duplex that lives more like two single-family homes than attached units. Each unit has its own front entry, fireplace, direct-access garage, and private backyard, which help reduce turnover and support long-term, family style living. The quiet residential location in the Eiber Neighborhood is just a few blocks from both Oak Street Station and Sunset Park, while being 15 minutes from both Downtown Denver and the I-70 Corridor.
Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. The two-bedroom is currently on month-to-month lease at $1,850, and the long-time four-bedroom tenant (most recently $2,700) vacated 1 August, providing a clean slate for new leasing.
Both units currently rent below market and have not received interior cosmetic updates in more than a decade, presenting a straightforward value-add opportunity to reposition the finishes and push rents towards the top-of-market. 10685-10695 W 12th Pl can also be purchased in tandem with the five-unit property across the street located at 10750 W 12th Pl.
County: Jefferson
Year Built: 1972
# Buildings: 1
# Stories: 2
# Units 2
Construction: Brick Masonry
Roof Type: Pitched
Gross Building SF: 3,338
Lot SF: 10,759
Parking Type: Attached Garage/Driveway
Parking Spaces: 3 + 6
Cooling: Wall AC-Units
Heating: Baseboard
Gas/Electric: Individual/Individual
Water/Sewer: Master
Trash: Individual
UNIT AMENITIES
• Spacious layouts with exposed brick wall in living rooms
• Each unit has its own private, dedicated backyard space
• Each unit has its own attached garage
• Tenants directly pay for gas, electric, & trash
• Washer/dryer in-unit
LOCATION HIGHLIGHTS
• Located in quiet, residential neighborhood, attracting strong tenants
• Less than 10-minute walk to Oak Street Station, giving residents a quick 15-minute ride to downtown Denver or Golden and direct Route 16 bus service
• Walking distance to Sunset Park
• 15 minutes to both Downtown Denver and the I-70 Mountain Corridor
• Within a 5-minute drive to Sprouts and other everyday retailers
Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. The two-bedroom is currently on month-to-month lease at $1,850, and the long-time four-bedroom tenant (most recently $2,700) vacated 1 August, providing a clean slate for new leasing.
Both units currently rent below market and have not received interior cosmetic updates in more than a decade, presenting a straightforward value-add opportunity to reposition the finishes and push rents towards the top-of-market. 10685-10695 W 12th Pl can also be purchased in tandem with the five-unit property across the street located at 10750 W 12th Pl.
County: Jefferson
Year Built: 1972
# Buildings: 1
# Stories: 2
# Units 2
Construction: Brick Masonry
Roof Type: Pitched
Gross Building SF: 3,338
Lot SF: 10,759
Parking Type: Attached Garage/Driveway
Parking Spaces: 3 + 6
Cooling: Wall AC-Units
Heating: Baseboard
Gas/Electric: Individual/Individual
Water/Sewer: Master
Trash: Individual
UNIT AMENITIES
• Spacious layouts with exposed brick wall in living rooms
• Each unit has its own private, dedicated backyard space
• Each unit has its own attached garage
• Tenants directly pay for gas, electric, & trash
• Washer/dryer in-unit
LOCATION HIGHLIGHTS
• Located in quiet, residential neighborhood, attracting strong tenants
• Less than 10-minute walk to Oak Street Station, giving residents a quick 15-minute ride to downtown Denver or Golden and direct Route 16 bus service
• Walking distance to Sunset Park
• 15 minutes to both Downtown Denver and the I-70 Mountain Corridor
• Within a 5-minute drive to Sprouts and other everyday retailers
Property Facts
| Price Per Unit | $362,500 | Building Size | 3,338 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.18% | Year Built | 1972 |
| No. Units | 2 | Parking Ratio | 2.7/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Lot Size | 0.25 AC |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.25 AC |
| Building Size | 3,338 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.7/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Yard
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,840 | 1,050 |
| 4+3 | 1 | $2,370 | 2,288 |
Property Taxes
| Parcel Number | 49-041-14-016 | Improvements Assessment | $26,045 |
| Land Assessment | $16,366 | Total Assessment | $42,411 |
Property Taxes
Parcel Number
49-041-14-016
Land Assessment
$16,366
Improvements Assessment
$26,045
Total Assessment
$42,411
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